Who Has Cheap Car Insurance Rates for Single Moms in Austin?

The vehicle model you are trying to insure is probably the biggest factor when consumers are trying to find the cheapest coverage for single moms. Vehicles with lower performance, good crash test ratings, or a positive history of liability claims will cost quite a bit less to insure than adrenaline junky models.

The next list illustrates insurance rates for a selection of the cheaper automobiles to insure in Texas.

Cheapest Vehicles to Insure in Austin, TX
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $974
Hyundai Elantra GLS Touring Station Wagon $1,089
Honda Accord EX 4-Dr Sedan $1,097
Ford Escape Limited 2WD $1,113
Dodge Grand Caravan Hero $1,124
Dodge Ram Quad Cab ST 2WD $1,149
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,164
Volkswagen Jetta S 2.5 Station Wagon $1,180
Ford Edge Sport 2WD $1,184
Nissan Rogue SL AWD $1,266
Chevrolet Impala LT $1,288
Toyota Prius $1,297
Dodge Ram 2500 Crew Cab ST 4WD $1,308
Ford Focus SEL 4-Dr Sedan $1,333
Honda Civic LX-S 4-Dr Sedan $1,338
GMC Sierra 2500HD SLE Extended Cab 2WD $1,346
Honda Odyssey EX-L W/Rear Entertainment $1,357
Chevrolet Malibu Hybrid $1,381
Chevrolet Equinox LTZ AWD $1,390
Jeep Grand Cherokee Laredo 2WD $1,381
Toyota RAV4 2WD $1,389
Ford F-150 Lariat Crew Cab Platinum 4WD $1,406
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,410
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in Austin, TX location which can alter coverage prices considerably.

By looking at the data, you can expect makes and models like the Honda CR-V, Hyundai Elantra, Honda Accord, and Ford Escape should be a few of the cheapest vehicles to insure for single parents.

Buying budget insurance is easier said than done, and determining which company has the best auto insurance rates for single moms will take a bit more work. Each auto insurance company has a different process for determining prices, so we’ll take a look at the most affordable auto insurance companies in Austin, TX.

We do need to point out that Austin auto insurance rates are impacted by many things which can substantially change the cost of having a policy. Simply improving your credit score, buying a different home, or getting a ticket for careless driving may cause policy rate changes that can now make some companies more expensive than competitors.

Cheap Insurance Rates for Single Moms

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What’s the cheapest car insurance in Texas?
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,084
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,244
5 Esurance $1,379
6 California Casualty $1,438
7 State Farm $1,495
8 Mercury $1,521
9 Nationwide $1,585
10 Safe Auto $1,597
11 Progressive $1,664
12 Allstate $1,718
13 Amica $1,775
14 Home State $2,092
15 GEICO $2,135
16 MetLife $2,161
17 Unitrin $2,241
18 Encompass $2,301
19 21st Century $2,396
20 Titan $2,672
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Travelers has some of the best car insurance rates in Austin at around $1,041 annually. This is $863 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the most economical Austin, TX car insurance companies.

In the rate table above, if you currently have a policy with Germania Mutual and switched to USAA, you might achieve a yearly price reduction of in the neighborhood of $160. Insureds with Esurance may save as much as $295 a year, and California Casualty customers might lower prices by $354 a year.

To see if your current coverage is too expensive, click here to start your custom quote or click several companies below for low rates.

Bear in mind that those prices are averaged across all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for single moms. So the insurer that fits you best may not even be in the top 23 companies in the list above. That points out the importance of why you need to get rate quotes using your own driver data and vehicle information.

Liability rates compared to full coverage

Lowering the price of auto insurance should be important to the majority of people, and one great way to lower the cost of insurance for single moms is to not insure for full coverage. The diagram below shows the difference between premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no accidents or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

If we average the cost for ages 20 through 70, full coverage costs $1,793 per year over and above liability coverage. Many drivers may wonder when is it safe to stop buying full coverage. There is no exact formula for excluding physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

Picking the best insurance company can be rather challenging considering how many different companies there are to choose from in Austin. The ranking data shown below can help you choose which providers to look at comparing price quotes from. The rankings below are for companies with a nationwide focus, so companies that have a smaller presence are not taken into consideration for these rankings.

Top 10 Major Car Insurance Companies in Austin Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Major Car Insurance Companies Overall in Austin

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Reckless driving habits raise auto insurance rates

The obvious way to earn the most affordable auto insurance prices in Austin for single parents is to drive safe and not get tickets or have accidents. The information below shows how traffic citations and accidents can influence insurance rates for different insured age categories. The rates are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

The data above shows the average cost of auto insurance in Austin per year with no violations or accidents is $2,314. Get one speeding ticket and the average cost surges to $2,625, an increase of $311 each year. Then add two accidents along with the one speeding ticket and the annual cost of auto insurance for single moms increases to an average of $5,405. That’s an increase of $3,091, or $258 per month, just for not paying attention while driving!

Low rates today, overpriced tomorrow

Austin, TX auto insurance rates are based on many factors that will increase or decrease the price of your policy. Improving your credit rating, buying a different vehicle, or getting into an accident may generate price changes that may make certain companies much cheaper than others. Not only may your situation change, but auto insurance companies change their prices as often as every three months in order to be able to pay unexpected claims. Higher than usual claims can result in higher rates, while less frequent claims can produce cheaper Austin car insurance rates.

The bar chart below analyzes the cheapest car insurance in Austin, TX for a 45-year-old male driver with a clean driving record, no accidents, and great credit. If we estimate rates based on his personal risk profile, Travelers might quote the cheapest car insurance rates in Austin at $1,164 a year. This is $740 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the cheapest Austin, TX auto insurance companies.

Now we will give the driver in the first chart a claim surcharge, a little lower credit rating, and a speeding ticket. Due to the fact that every auto insurer has their own formula for establishing rates, comparing insurance quotes may result in a significantly different list of companies as shown below.

Mercury now has the lowest price on auto insurance in Austin, TX with State Farm, USAA, Nationwide, and Safe Auto now rounding out the top five. This illustrates why Austin drivers need to perform a complete rate comparison when trying to find the most affordable auto insurance quotes for single moms.

Rates can be determined by many things and change substantially, so the most economical company when you last compared rates may now be an over-priced policy.